bullish

Dark

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-achieves-legal-win-in-sec-case" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Achieves Legal Win in SEC Case</a><br></p>
<p style="text-align: justify">Ripple, the company behind <a href="https://en.bitcoinhaber.net/ripples-meme-token-contest-and-xrp-ledgers-record-transactions-a-look-into-the-future-of-blockchain" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, has scored another legal victory in its long-standing battle with the Securities and Exchange Commission (SEC). This development has sparked speculation of a potential surge in XRP’s price. The nearly 3.5-year legal saga saw one of the judges ruling that Ripple must pay a $125 million civil penalty. However, the ruling also notably concludes that XRP will not be classified as a security.</p>
<h2 id="what-will-be-the-price-of-xrp">What Will Be the Price of XRP?</h2>
<p style="text-align: justify">XRP is currently experiencing <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">significant developments</a>, with analysts citing various chart patterns that suggest a possible price increase. Dark Defender, known for his bullish stance on XRP, recently mentioned that XRP is nearing a major price movement. He indicated in an August 9th post that XRP is close to an “explosive” rise.</p>
<p style="text-align: justify">A key point in the analysis is the nearing end of a long-term descending channel. This technical pattern often signals the conclusion of a downtrend, making a breakout from the channel’s upper boundary crucial for XRP.</p>
<h2 id="xrp-price-outlook">XRP Price Outlook</h2>
<p style="text-align: justify">Investors are closely watching the 0.9327 dollar mark, identified as a critical resistance level and the 100% Fibonacci retracement level. If XRP can break through this barrier, it could pave the way for a larger upward trend.</p>
<p style="text-align: justify">Dark Defender also highlighted that surpassing the 0.9327 dollar resistance could push XRP towards the next significant target at 1.88 dollars, which is the 161.80% Fibonacci extension level. This target could serve as both a psychological and technical milestone. Meanwhile, the 0.6649 dollar level holds as a resistance point at the 70.20% Fibonacci level, and the 0.3917 dollar level stands as vital support at the 23.60% Fibonacci level.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">Investors could derive the following takeaways based on current analyses and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>:</p>
<ul>
 <li>XRP is approaching the end of a long-term descending channel, signaling a potential uptrend.</li>
 <li>Critical resistance level at 0.9327 dollars could determine the next price surge.</li>
 <li>Breaking the 0.9327 dollar mark could propel XRP towards 1.88 dollars.</li>
 <li>Support levels to watch include 0.6649 dollars (70.20% Fibonacci) and 0.3917 dollars (23.60% Fibonacci).</li>
</ul>
<p style="text-align: justify">Yesterday, XRP saw a rise above 0.60 dollars but has since pulled back. Over the past 24 hours, XRP has decreased by 4.66%, currently trading at 0.58 dollars. A weekly review, however, shows a rise of over 3%, maintaining a positive trend against the market correction. Investors are now eyeing 0.65 dollars as the next possible target.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripple-achieves-legal-win-in-sec-case" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Achieves Legal Win in SEC Case</a></h5>

Ripple Achieves Legal Win in SEC Case

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